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Search Results 0 to 13 of about 14 (some duplicates have been removed)
which is why no congress has ever, ever failed to raise the debt ceiling. it's why the big names on the left and the right from paul krugman to alan greenspan say missing the deadline would be suicidal. tonight house minority leader eric cantor who was against -- said he might be willing to talk about closing some tax loopholes. he and the rest of the democratic leadership and their counterparts to meet with president obama at the white house. "washington post" just now moving a story reporting on a possible big concession the president might put on the table. the post reporting he will for the first time offer up significant savings in social security. the newspaper sourcing it to people in both parties with knowledge of the president's proposal. in any case, today mr. obama called on both sides to get moving. >> congress has a responsibility to make sure we pay our bills. we've always paid them in the past. the notion that the u.s. is going to default on its debt is just irresponsible. and my expectation is that over the next week to two weeks, that congress working with the wh
rating which is why no congress has ever, ever failed to raise the debt ceiling. why the big names on the left and the right, from paul krugman to alan greenspan to the chamber of commerce all say missing the deadline would be suicidal. yet both sides have been playing chicken on the issue for month. tonight, the house minority leader eric cantor who had been leading the charge against making any revenue increase as part of a debt deal said he might be willing to talk about closing some tax loopholes. he the rest of the gop leadership and the democratic counterparts on call to meet with president obama tomorrow at the white house. breaking news there. the "washington post" just now moving a story reporting on a possible big concession the president might put on the trouble. "the post" reporting he will for the first time offer up significant savings in social security. the newspaper sorting it to people with knowledge of the president's proposal. in any case, mr. obama called on both sides to get moving. >> congress has a responsibility to make sure we pay our bills. we've always p
ones that any possible compromise, big or small, long term or short, simply is not going to make it through the house of representatives. now, you may think that this is businesses usual in washington. two sides pushing a crisis to the brink in order to get the best possible deal for their side. but jessica yellin is reporting that some of her sources are telling her that this is anything but a normal crisis. she joins us now. jessica, thanks. your sources are saying this is becoming an abnormal crisis. what happened today? >> reporter: well, there was a lot of process, sanjay. and a lot of discussion and still no break through is the bottom line. we are less than two days away from the president's self-imposed july 22nd deadline for a deal. and still there is no deal. and now some on capitol hill, some of even the president's allies are saying this is now in their view time to cut bait and stop going for the big deficit reductions package they've been talk about and find the easiest path forward to get the debt ceiling raised and worry about deficit reductions at another time. >
and taking on the big issues. and that he called on the group to take on this challenge and then called the meeting to an end. no matter how you read that, it's clearly an increase in tensions on day three of these debt negotiations with no sign of real progress with the clock ticking. and i do have it confirmed that this president really did say with my presidency at stake i will not yield on this issue. >> you know, there have been some reports and i think the "wall street journal" did an editorial about this suggesting this has all been kind of part of president obama's plan, that he's been very kind of calculating in the way he's gone about these talks, intimating or letting the republicans talk about spending cuts and then only later on really being aggressive and pressing for revenue razors, for tax increases down the road. how does the white house respond to that? is there any truth to that from the white house perspective? >> reporter: if this were part of a plan he'd have a deal by now. no president wants this kind of debt threat hanging over their head. he cannot benefit from
there are also big signs that speaker boehner is facing a vocal rebellion among the gop ranks, among republican ranks. this morning on conservative talk radio he tried to rally the troops. >> is it true that you told some of the republican members this morning that you need to get your a word in line behind this debt ceiling bill? >> i sure did. listen, this is time to do what is doable. this bill isn't perfect. >> what have we got to do? >> just moments after he spoke those words from fellow republicans and tea party leaders were rallying against his bill outside the capitol. >> folks, we've got to hold the line. we've got to stand strong. we can't let down the people who elected us last november. >> we have the boehner proposal on the table. it will cut next year $1billion [ audience boos ] >> we are spending $1 billion an hour virtually. that is insignificant and not meaningful reform. >> tea party favorites rand paul and jim demint. one of the rally organizers saying compromise simply is not the answer. >> we do think compromise is a bad word. if you look at what's happened, compromise has
Search Results 0 to 13 of about 14 (some duplicates have been removed)